Knicks point guard Raymond Felton was arrested early Tuesday morning on three counts of criminal possession of a weapon, according to several reports that cite New York Police Department sources.

ESPNNY.com reported that Felton was charged with second- and third-degree criminal possession of a firearm, which are felonies, and fourth-degree possession of a firearm, which is a misdemeanor, according to a police spokesman.

The Wall Street Journal, citing a police source, reported that Felton was arrested on the city's Upper West Side. He is expected to appear in criminal court in Manhattan later Tuesday morning.

The Daily News reported Felton was arrested after his estranged wife, Ariane Raymondo-Felton, went to cops with a gun -- a Belgian pistol — that belonged to him, sources said. Felton was handcuffed when he turned himself in for questioning at the 20th precinct in Manhattan at about 12:50 a.m.

The Wall Street Journal reported that Raymondo-Felton and the attorney representing her in the divorce took the gun, which had 17 bullets in the magazine and one in the chamber, to the station house in Manhattan Monday night because she no longer wanted it in the home, the official said.

According to the WSJ report, she told police that on four occasions, most recently Feb. 14, Felton waved the weapon in an aggressive way but didn’t point it at her.

The arrest occurred hours after the Knicks lost to Dallas, 110-108, on a buzzer-beater at Madison Square Garden on Monday night. Felton scored eight points and had seven assists in 34 minutes.

The subject of trade rumors and a pending divorce from his wife of less than two years, Felton had been in the headlines in the week leading up to the arrest, but he insisted he could handle the bad press.

“It’s your life,” Felton told the New York Daily News. “When you’re going through certain things in life, it’s on your mind, no matter what. You try not to let it come into your job, into your workplace, but sometimes it does. You’re human and it’s a part of life. But at the same time, it is what it is. That’s my personal life, though. I don’t want to discuss that part.”

Felton, 29, is averaging a career-low 10.5 points, 6 assists and three rebounds in 32.8 minutes per game in what has been a roller-coaster and disappointing season. He is shooting 40 percent from the field and 28.8 percent on three-pointers.

Felton signed a three-year, $10 million contract with the Knicks before the 2012-13 season, and he will earn $3.6 million this season. He was involved in numerous trade rumors prior to last week’s trade deadline but remained with the Knicks, who released guard Beno Udrih and forward Metta World Peace on Monday.

In 2009, in another high-profile csse involving a local athlete and a weapon, Giants wide receiver Plaxico Burress was sentenced to two years in prison after accepting a plea deal on a firearm charge. Burress suffered a self-inflicted gunshot wound to his thigh when his gun accidentally discharged in a Manhattan nightclub. He faced a minimum sentence of 3½ years if convicted at trial.